Wieland completes GBC merger

Germany's Wieland Group has completed its previously announced acquisition of Global Brass & Copper (GBC), the company said in a statement on Tuesday July 16.

Wieland, a supplier of semi-finished copper and copper alloy products, had announced in April this year it would acquire Schaumburg, Illinois-based GBC's outstanding shares for $44 apiece.

GBC shares ceased trading on the New York Stock Exchange prior to market open on July 16 and will be delisted,...

Published

Rijuta Dey Bera

July 17, 2019

04:04 GMT

New York